Financial adviser confirmation

This area of our website is designed for financial advisers and other financial professionals only.

If you’re a customer or employer please select Homepage below and choose the relevant area of the website.  We’ll only ask you to do this once on each device you access our website on.

Risk-Managed Portfolios

Our six Risk-Managed Portfolios each offer a complete investment solution in a single fund.

As our Risk-Managed Portfolios are Open Ended Investment Companies (OEICs), you can use them for pension, ISA, and GIA clients. 

They use mainly passive components to create value-focused, risk-targeted portfolios that are closely aligned to client needs. They provide access to expert asset allocation, risk-management and robust governance, and have the freedom to draw on expertise from across the industry. They're available to Aegon Retirement Choices, One Retirement, and Aegon Platform investors.

(00:06): I’m Anthony McDonald, Head of Portfolio Management at Aegon. Today I’m going to talk to you about our Risk-Managed Portfolios.

(00:14): Aegon has managed multi-asset strategies for around 40 years. And we’ve used this experience to build a range of six risk-managed funds, designed to help meet the needs of today’s advisers and their clients. Available across pensions, ISAs and GIAs, the range makes recommending and governing an investment portfolio as easy as possible. This is achieved in six keyways.

(01:12): The Risk-Managed Portfolios are designed for a broad range of customers. Suitable for those who prefer a straightforward way to invest, they focus on keeping risk at a level your client is comfortable with, while aiming to offer value for money.

(00:50): To help support your advice processes, they’re mapped to risk ratings from Defaqto, Dynamic Planner, FinaMetrica, Synaptic and EValue. And we make it easier for you to meet regulatory obligations, such as MIFID II, PROD and Consumer Duty requirements, by aligning to clear target markets, and offering transparent reporting and fund governance.

(01:12): The portfolios benefit from valuable independent input, and we have the flexibility to choose the providers that offer the best quality and value for investors.

(01:20): AON provides independent, expert input into our asset allocation process. And we use low-cost passive fund components from external providers, currently mainly from Blackrock. And last but not least, the governance of the portfolios is independent of our fund management process.

(01:38): This independent model means we can make changes if fundamental cost, performance or counterparty issues were ever to arise. We believe this flexibility is essential in today’s economic environment.

(01:50): We work with AON to create what we believe is the best strategic asset mix for each fund in the range. This process focusses on how markets are valued relative to long-term future expectations, which underpins our strategic asset allocation preferences. Our objective is to generate the best return possible for the level of risk taken.

(02:10): Risk-management is embedded at every stage of the process. We regularly assess how market factors might impact the portfolios’ behavior and continually ensure the asset mixes remain aligned to their risk profiles.

(02:22): We monitor the funds daily, however large asset allocation changes are typically only made when there are fundamental shifts in the markets, or when rebalancing is required. The aim is to take advantage of market gains while keeping costs low.

(02:34): Aegon’s independent Fund Governance Group carries out rigorous and ongoing governance to ensure each aspect of the process remains effective. And our Funds Promise is our commitment to clients that we’re monitoring the funds on their behalf.

(02:42): Finally, focused on value-for-money, the Ongoing Charges Figure of each risk-managed governed fund is just 0.25%. Our approach also avoids unnecessary portfolio turnover to help keep transaction costs low.

(03:02): To summarise, we believe the Risk-Managed Portfolios are closely aligned to the needs of today’s advisers and their clients; the funds benefit from independent input and choice; they’re focused on providing the right asset allocation for each defined risk appetite; they have continual risk-management and rigorous governance; and last but not least, they are cost-effective with an OCF of 0.25%.

(03:27): The aim is to offer you, and your clients, a simpler way to invest. To find out more, please take a look at our website or speak to your usual Aegon contact.

Key features

Core icon - Group of 3

Client aligned

There are six Risk-Managed Portfolios designed to grow long-term savings while keeping risk within a defined range. The broad range of risk options helps you closely align portfolios to individuals’ needs – allowing you to move to lower-risk portfolios as clients move from accumulation into retirement. And to help further, the fund range is mapped to risk ratings from Defaqto, Dynamic Planner, EValue, FinaMetrica and Synaptic.

Core icon - Pound

Cost effective

We keep costs at a competitive 0.25% ongoing charges figure (OCF) by using passive components and choosing not to invest in more expensive alternative investments. Eliminating unnecessary transaction charges also helps reduce costs. 

Business icon - Dougnut chart

Optimal asset allocation

Our Portfolio Management team works closely with Aon, investment specialists with extensive research capabilities, to create the optimal strategic asset mix for each fund in the range. Our long-term convictions mean changes are typically only made when there are fundamental shifts in the markets, or when rebalancing is required. The aim is to take advantage of market gains while keeping costs low. 

Core icon - Shield with star

Independent input and choice

The Risk-Managed Portfolios have a great deal of flexibility built into their mandate. This means we’re not tied to any one asset allocation expert or fund manager. We have the freedom to use any funds and advisers that we feel will help fulfil the fund objectives. 

The portfolios also benefit from our fund governance process, which is independent of our fund management function.

Business icon - List cross

Robust risk management

Our focus is on client outcomes, so risk management is embedded at every stage of the process. This means the Portfolio Management team, working with Aon, assesses how market factors might impact the portfolios' behaviour. And where necessary, the asset mix will be adjusted to ensure the funds remain aligned to risk profiles and can meet their objectives. 

There's no guarantee that the funds will meet their objectives. The value of investments may go down as well as up and investors may get back less than they invest.

Risk-Managed Portfolios risk mapping

Find out where the Risk-Managed Portfolios sit on the Defaqto, Dynamic Planner, EValue, FinaMetrica and Synaptic risk scales.

See the Risk-Managed Portfolios risk mapping

Fund governance

In line with our Funds Promise, we check the Risk-Managed Portfolios regularly with the aim of making sure they're meeting their objectives.

Find out more about our governance process

Q3 Market outlook webinar - One big, beautiful update

Anthony McDonald, Head of Portfolio Management recaps an unsettled first half of the year and discusses the potential implications for investors and markets for the rest of 2025.

Watch now

There’s no guarantee the funds will meet their objectives. The value of investments can fall as well as rise and isn’t guaranteed. Clients may get back less than they invest.

Waystone Management (UK) Limited (WS) is the authorised corporate director of the WS Aegon Risk-Managed Funds. This means they're responsible for the operation of the funds in accordance with the regulations.